PENGARUH PROFITABILITAS DAN ECONOMIC VALUE ADDED TERHADAP HARGA SAHAM

Abstract

This research is aimed to examine the influence of profitability ratio which is proxy by Return on Asset (ROA), Return on Equity (ROE) and Economic Value Added (EVA) to the stock price through annual financial statement which has been prepared by property and real estate companies which are listed in Indonesia Stock Exchange. This research is quantitative research. The population in this research has been obtained by using purposive sampling method on property and real estate companieswhich are listed in Indonesia Stock Exchange in 2012-2016 periods and based on the predetermined criteria, 18 companies have been selected as samples. The analysis method has been conducted by using multiple linear regressions and 21st version SPSS application tool. The result of the research shows that simultaneously Return on Asset (ROA), Return on Equity (ROE) and Economic Value Added (EVA) give influence to the stock price with its significance level 0.000. Partially, Economic Value Added (EVA) givespositive influence to the stock price whereas profitability ratio which is proxy by Return on Asset (ROA) and Return on Equity (ROE) do not give any influence to the stock price.
Keywords: return on asset, return on equity, economic value added, stock price